Where consoles have always scored over the PC games has been in the physical interface the user has with the game. Our Lapboard changes all that. PC Gamers can get a premium peripheral that enhances the gaming experience considerably. It's also the perfect stepping-stone and bridges the subsequent launch of the full service further down the line. The required $USD 2 million round of funding for the Phantom Lapboard is a necessary step to deliver our vision for our products and services quickly into the market, positioned for both consumer and OEM segments, and book revenues by June 2006.

The Phantom Game Service has an unparalleled legacy of boldness, innovation and great opportunities for the online video games market sector. Together we look forward to joining our strengths in engineering and technology with a sales and marketing driven presence to deliver the most advanced online video game service and devices for consumers... We have clearly demonstrated in our operational plans that we can achieve significant cross-company efficiencies, and, I believe the entire organization is hungry and ready to go in making this same transition. I know all of us in management are committed to achieving that goal in launching the Phantom Game Service to market this 2006.

This commitment gives the Company a funding path to begin manufacturing the Phantom Lapboard and to launch marketing and sales for the lapboard which we target for mid 2006 allowing us to start building our manufacturing lines this year, and continue our initiative to launch the Phantom Game Service.

We went too hard, too early. The last two games haven't gone according to plan.

It really hasn't been noticeable, and they've been around for a while. They're whole different games. In video lottery, a large percentage of your play is poker and keno, and they don't have that.

We want to win our first games of the season, but we also want to be ready when our record counts.